Author: omc_admin

Russia’s largest oil producer just flashed a signal Moscow didn’t want to see: Rosneft is recommending its smallest interim dividend since the pandemic year of 2020. For a company that has spent the past two decades styling itself as a reliable cash machine for the Kremlin, a 11.56-ruble per share payout is not just stingy, it’s a symptom.The timing is exquisite. The proposed dividend lands one day before the Trump administration’s sanctions against Rosneft and Lukoil formally hammer into place. Investors saw this coming. Rosneft’s H1 numbers already showed Rosneft’s net income collapsing 68% in the first half of 2025,…

Here’s a very 2025 headline, courtesy of Variety: “Paramount Bid for WB Discovery Backed by Saudis, Qatar and Abu Dhabi.”But a few hours after that one was published on Tuesday, it got a rewrite: “Paramount Skydance Denies That Its Warner Bros. Discovery Bid Involves Arab Sovereign Wealth Funds.”Variety’s earlier story, Variety explained, had been swatted down by Paramount PR, which called it “categorically inaccurate.”So there you go. Larry and David Ellison, who own Paramount and now want to buy Warner Bros. Discovery, aren’t going to use Middle Eastern oil money to make that deal happen. Got it?Except: Variety isn’t the…

Pattern Validity The bull flag setup remains intact as long as $58.24 holds. Even a brief dip below with swift recovery above the lower boundary line can keep the pattern alive. Until an upside trigger occurs, however, the structure could still morph or the broader downtrend simply resume. Key Resistance Convergence The declining 20-day average has now fully converged with the flag’s top trendline, creating reinforced overhead supply. The falling 50-day average sits just higher at $61.15, forming a tight triple-resistance band. Breakout Trigger A decisive rally and daily close above Tuesday’s lower swing high of $60.98 activates the bull…

“President Trump is the biggest con job in American history,” said Nancy Pelosi, the US speaker emerita, to reporters on Thursday while criticizing his anti-climate agenda.Donald Trump told the UN general assembly in September that the climate crisis was “the greatest con job ever perpetrated on the world”. But he was “projecting”, Pelosi said at a press conference. The meeting was convened by Democrats on the Senate Committee on Environment and Public Works to comment on the US’s official absence from the United Nations Cop30 climate summit in Belém, Brazil, where 195 countries are represented.The Trump administration refused to send…

(Investing)– Oil prices edged up on Thursday after falling in the previous session, boosted by a bigger than expected draw in U.S. crude stockpiles and a broader equities rally. Brent crude futures were up 43 cents, or 0.7%, at $63.94 a barrel by 1400 GMT. U.S. West Texas Intermediate crude futures gained 42 cents, or 0.7%, to $59.86. Both benchmarks rebounded after falls of about 2% in the previous session after reports indicated that the U.S. had drafted a framework for its push for an end to the Russia-Ukraine war, which could release more Russian oil into the market. Global stock…

HKN Energy has reached a key milestone in the development of Iraq’s Hamrin oil field after finalizing technical terms with the Ministry of Oil (MOO), advancing the project toward a full field development contract. The agreement was concluded in Kirkuk at the headquarters of the North Oil Company (NOC) and builds on the Heads of Agreement signed in July 2025 between HKN and the Iraqi government. The new technical terms outline the framework for increasing production and improving operational efficiency at Hamrin, one of the region’s underdeveloped assets. “This achievement marks an important step toward a contract between HKN and…

Russian oil giant Rosneft PJSC plans to pay the lowest interim dividends since the pandemic in 2020 as slumping crude prices, a stronger ruble and looming US sanctions bite. The board of directors of Russia’s largest state-controlled oil producer recommended to pay 11.56 rubles, $0.14, per share in interim dividends, according to a regulatory filing on Thursday.  The recommendation comes just a day before unprecedented US sanctions are due to hit Rosneft and fellow Russian oil giant Lukoil PJSC. President Donald Trump’s administration last month stepped up restrictions on Russia’s oil industry, which together with gas accounts for about a…

U.S. offshore oil and gas development took a major step forward this week as the Department of the Interior (DOI) unveiled a draft five-year federal leasing program that opens the door to the most expansive Outer Continental Shelf (OCS) acreage offered in more than a decade. The proposal, covering 2026–2031, includes up to 34 potential lease sales across 21 planning areas from Alaska to the Pacific and the Gulf of America.  The draft program marks a sharp shift from the previous administration’s limited leasing schedule and immediately drew strong support from U.S. oil and gas trade groups, who said the…

Google is offering voluntary buyouts for employees in its UK offices, Business Insider has learned.An email went out to UK staff this week offering them a voluntary exit package, according to two people familiar with the matter and confirmed by a Google spokesperson.It’s unclear which UK organizations the offers went to, or how many buyouts were offered. Google did not respond when asked for comment about this.”Earlier this year, some of our US teams introduced a voluntary exit programme with severance for U.S.-based Googlers, and we are now also offering the programme in the UK to support our important work…

Exxon Mobil has finally lifted force majeure on the long-stalled Rovuma LNG project in northern Mozambique, clearing the first real procedural hurdle the $30-billion development has seen in years. The company halted activity back in 2021 after escalating violence in Cabo Delgado forced both Exxon and TotalEnergies to abandon their sites. Total’s adjacent Mozambique LNG project declared force majeure first; Exxon followed soon after. The two projects share infrastructure, which meant neither could realistically move without the other.An Exxon spokesperson said the company is now working with its partners and Mozambique’s government to secure operations, with a final investment decision…